Trying to understand tax issues on following scenario. Any answers/advice appreciated.
House belongs to AA, resident of UK, British passport holder. AA sells house, which is AA's primary residence, and money from sale split between AA and BB. BB is sibling of AA, is also a British passport holder but has lived overseas for a decade, so considered non-domicile. BB also has a passport from another country.
Questions:
1. Will BB be liable for any tax in the UK from money received from the sale, since BB is non-domicile (country where BB has other passport will not tax BB for income received)?
2. If BB moves back to UK six months after receiving money from sale, will BB be liable for any tax from UK authorities?
3. If the answer to question 2 is yes, is there a time limit after receipt of funds from sale that BB needs to remain non-domicile for BB to free of any liability of tax to UK authorities?
Many thanks.
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